Sensex crosses 58K for first time, Nifty above 17,200

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Mumbai:  With a positive global market setup, the benchmark indices of Sensex and Nifty opened at fresh record highs amid positive global cues. The BSE Sensex valued past the 58,000 mark for the first time.

The blue-chip NSE Nifty 50 index was up 0.30% at 17,285.65 by 9:15 am and the benchmark S&P BSE Sensex rose 0.34% to 58,048.11. Both the indexes are set for their second straight weekly gain.

Reliance Industries Ltd and Eicher Motors Ltd were among the top performers on the Nifty 50, gaining 1.2% and 2.4%, respectively.

Shares of HDFC Life Insurance Co Ltd fell as much as 4.2% after it said it would buy the life insurance unit of battery maker Exide Industries Ltd for 66.87 billion rupees ($915.02 million), while Exide Industries surged nearly 10%.

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